Gages Lake, IL Foreclosures
How much do homes sell for in Gages Lake, IL?
The average home price is currently $536,392.
In Gages Lake, IL, how many homes are available?
There are currently 5 active home listings available in Gages Lake.
What’s the average rental cost in Gages Lake, IL?
The average rental price in Gages Lake is $1,643.
What is the most expensive home in Gages Lake?
The most expensive home sold in Gages Lake had a price of $3,753,800.
What is currently the cheapest priced home in Gages Lake, IL?
The cheapest home for sale in Gages Lake is priced at $135,000.
Living in Gages Lake, IL
Gages Lake, IL, offers a charming village atmosphere with serene landscapes around a beautiful lake. The community boasts abundant parks, quality schools, and essential amenities within easy reach. With convenient access to transportation options and a strong sense of community, this location is ideal for both families and investors seeking a peaceful lifestyle.
Current Market Conditions in Gages Lake, IL
Currently, the real estate market in Gages Lake, IL, exhibits a healthy demand, with properties seeing an increase in value due to the area’s desirable characteristics and community appeal. Homebuyers are drawn to the tranquil lifestyle, making it a competitive market for listings.
Investment opportunities remain robust, with a variety of property options from single-family homes to newer builds attracting both homebuyers and rental investors. As the community continues to evolve with ongoing development, predictions show a steady appreciation in property values.
Home Value Estimator For Gages Lake, IL
There are currently 13 real estate properties
in Gages Lake, IL,
with a median automated valuation model (AVM) price
of $260,916.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gages Lake, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Gages Lake, IL,
is $536,392.00, with the most expensive house
in Gages Lake, IL, topping out
at $3,753,800.00 and the cheapest home
in Gages Lake, IL,
clocking in at $135,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gages Lake, IL!
Rent Prices
In Gages Lake, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gages Lake, IL, is on
a rollercoaster ride. The
average rent price in Gages Lake, IL,
is $1,643.00. Indeed, when looking to rent in
Gages Lake, IL, you can expect to pay as little
as $1,270.00 or as much
as $2,300.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in Gages Lake, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
